Annuities
Chapter 3.3 - 3.4
Chapter 3.3 - 3.4
Analyse annuities
Explain the similarities and differences between an annuity and reducing-balance loan.
Use TI-Nspire to calculate the 'unknown' for an annuity
Use TI-Nspire to calculate the 'unknown' for an annuity with changing conditions
Create an amortisation table for an annuity
Prior Knowledge:
TI-Nspire key fields
Reducing-balance loans
Key Vocabulary:
annuity
payment
interest charged
Ex 3.4 Qu 8 (amortisation and annuties) and powerpoint questions
Chapter 3 practice questions 14, 28, 40